Smarter to work part time for 50 k/yr or full time for 100k/yr?

1. 57

   caderade2posted 15 years ago

   Which do you see as a better business decision?  Making more money but working more.  Or making less and having much more time to do what you want (either to play more or take on more time consuming business opportunities)?

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      JamaGeneeposted 15 years agoin reply to this

      Definitely working less and having more time to LIVE. If you're focused on making money 24/7, you are *not* living. 
      
      And what do you need all that money for anyway?  Have you figured out a way to take it with you when you die? Or only to acquire things you can't take with you to the hereafter???

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   2. 0

      Lady_Eposted 15 years agoin reply to this

      Definitely 50k/yr. I decided about 8 years ago that I never wanted to do the 9-5pm again - everyday. I like to have 2 days free for other things or business ventures. Surely, there's more to life...

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2. 77

   Lissieposted 15 years ago

   Suggest you read Tim Ferris's 4 hour work week.
   
   Money is useless if you are dead or unhappy - $50k is more than enough to live a comfortable lifestyle anywhere in the world

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      honestyt4isaacposted 15 years agoin reply to this

      please how can that money be made, please share with me http://moneyinus.blogspot.com

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3. 0

   Leta Sposted 15 years ago

   That's a very interesting avatar photo, caderade2.  I think I used it on a graphic design job for a chiropractor once...
   
   It of course, depends on the person.  However, that being said, some, if they worked PT, would not "play more," but actually do other work that had meaning for them.  50K for 20 hrs. would be like heaven for most artists or writers.  You could pay your bills, live well, save money and invest even, and have the TIME it takes to pursue passions.
   
   Another book, "The End of Work," suggests that we can't afford NOT to end the traditional work week as we now know it.  There are too many people the world over to even allow, actually, for this amount of work, a), b)working is evolving beyond the traditional office setting with strict time awareness...with people working at home, etc., c)'working' as we know it is something of an invention--man (I know, how humanistic) was meant for other things.  Like art,
   
   And even if you wanted more $$$$, it would be easier making $50K working 20 hrs. making keen investments (working for yourself) than it is working yourself to grim death working for someone else.

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4. 57

   caderade2posted 15 years ago

   @ Lissie
   That is a great book! I agree with you.

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5. 57

   caderade2posted 15 years ago

   @ Lita
   Haha, I hope you didn't use my back for your chiropractic poster I doubt it was the same pic bc i'm the only with it.
   
   I like your comments! I totally agree with you. Why do we work in the first place? To pay necessary bills for the most part.  And then we could spend time doing what we fill would be the most fulfilling.

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6. 0

   TheSandmanposted 15 years ago

   Priorities my friend, do what makes you happy, if you are truly happy making a hundred thousand or a million dollars a year instead of 50 0r 25 thousand,GO FOR it, but above all be sure to be happy, life is way to short not to be. And don't hurt anyone along the way .

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      Kudlitposted 15 years agoin reply to this

      Great advice SandMan.

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7. 76

   Mighty Momposted 15 years ago

   I agree with everything that's been said. If working fewer hours enables you to get your bills paid and spend the rest of your time enjoying life, it's a no brainer.
   If you enjoy your work and spending 40+ hours doing it and you get paid well, that's great.
   The bad thing is too often when you get hired for a high salary you are expected to be at the employer's beck and call -- basically they own you. At some point you reach a point in life when you want to own your own life, ya know?

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8. 69

   Research Analystposted 15 years ago

   Of course everyone wants to have more time doing the things they enjoy even if it means earning less money at the outset, but eventually because you are happier and less stressed you will probably come up with a great invention that will make you a lot of money. LOL

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9. 70

   ledefensetechposted 15 years ago

   I wouldn't be too sure about that.  If there's one thing I've learned it's to never underestimate the power of paper shuffling or bureaucracy.

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      Leta Sposted 15 years agoin reply to this

      A premise in above quoted book.  You could argue with the author, (?)

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10. 70

    ledefensetechposted 15 years ago

    Lady I argue with everyone.
    
    Seriously though, nobody can predict with any certainty what new marvels will be developed in the future that will open new areas of business.  Look at computers 50 years ago or the Internet 20 years ago.  Now they're billion dollar industries and employ Lord knows how many people. 
    
    If there's anything you can count on it will be that people will find a way to make a living somehow.  It's in our best interest to make sure that people can make a living providing quality goods and services, otherwise they'll lie, cheat and steal for their daily bread.

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11. 52

    uncguy818posted 15 years ago

    Good advice from everyone on this one.  I think the most important things is to figure out what your true passion is.  If it is not the full time job, then you are better of working part time and using the spare time pursuing your real passion.  Eventually, you will figure out how to make your living following your passion and can dump the other job.  Like everyone else said, balance and happiness are the keys.

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12. 60

    EasyLearnposted 15 years ago

    If I had $100,000 a year lifestyle then I'd take the $100,000 a year paycheck, if I can live off $50k than I would take the part time and use my free time to learn to leverage my money, skills, or do some good in the world.
    
    Just my .02 cents.

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       02SmithAposted 15 years agoin reply to this

       Well said, I agree!
       
       
       

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13. 60

    ShortSalesMVPposted 15 years ago

    Well I believe it all depends on what you are doing in your spare time, are you generating some passive income when you are not work? and what are the hours, and also remember after taxes that 100K will be substantially less,I guess it all depends on the person and what they are doing.  I would have done the 50K part time.

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14. 58

    lindagoffiganposted 15 years ago

    What happened to the old adage of $1,000 for each year of life? I guess I answered my own question.  The concept is an old adage.  My bad.

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15. 60

    The_Drizzleposted 15 years ago

    I definately think you should take the part time job.  There's always more money to be made, more things to be had, more this more that.  The only thing you have a finite supply of, and will never be able to get more of is time.
    
    Your time should be given more value than gold, because you only have a short time here, you better enjoy it.

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16. 72

    earnestshubposted 15 years ago

    I'd go with the part time. You will burn most of the rest of the full time income supporting your full time job.More time at home= less expense and free time with family and friends, this makes for more happiness all round.

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    1. 61

       Vee Roseposted 15 years agoin reply to this

       Money is not my movtivator, happiness is.  I'll have to go with the 50k part-time.

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17. 72

    soni2006posted 15 years ago

    I will also go for the part-time because what is the profit of that money which you do not have time to spend and use. Money is important but not important than life for example if you are given  a chance to take 30 million dollars or death, what you will choose. Of course not death....

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18. 54

    infinityplusoneposted 15 years ago

    I'd say part time as well so you can spend more time with your friends, family and kids. They'll reward you greater than any dollar amount could.

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